Focus Graphite (CVE:FMS) Shares Up 14.6% – Still a Buy?

Focus Graphite Inc. (CVE:FMS) shares shot up 14.6% during trading on Monday . The company traded as high as C$0.54 and last traded at C$0.51. 325,396 shares changed hands during trading, an increase of 65% from the average session volume of 197,495 shares. The stock had previously closed at C$0.45.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$2.03 price objective on shares of Focus Graphite and gave the company a “buy” rating in a research report on Friday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Focus Graphite has an average rating of “Buy” and a consensus target price of C$2.03.

Focus Graphite Stock Up 10.1%

The company has a market capitalization of C$53.05 million, a P/E ratio of -16.33 and a beta of 0.35. The company’s 50-day simple moving average is C$0.38 and its 200 day simple moving average is C$0.40.

Focus Graphite Company Profile

Focus Graphite Inc, an exploration stage company, acquires, explores, and develops mineral properties in Quebec, Canada. The company explores for graphite, iron, copper, rare-earth elements, and gold deposits. Its flagship project is the Lac Knife property in which it holds 100% interests that consists of 62 claims covering an area of 3,248.18 hectares located in the Côte Nord region of Québec. The company was formerly known as Focus Metals Inc and changed its name to Focus Graphite Inc in May 2012.